Scottish Premier League chief executive Neil Doncaster has given a strong hint he would be amenable to a newco Rangers joining the competition.
Prospective owner Bill Miller aims to form a new company to take over the assets while administrators bid to guide the current club out of administration.
The American's £11.2m plans have proved unpopular with fans and SPL clubs were yesterday due to vote on plans to dock such a club points and financial income during their initial years.
However, days after Rangers fans warned of recriminations and marched on Hampden to protest against Scottish Football Association sanctions, the SPL clubs adjourned their vote until next Monday.
Miller had been looking for clarity and comfort over football sanctions and, although he did not get the former, he must have taken solace from Doncaster's comments later.
Despite his conditions, Miller was in pole position to become preferred bidder at the weekend when administrators told his rivals, the Blue Knights, their bid would not be accepted by creditors.
The consortium revised their bid yesterday but they also have conditions including the acquisition of Craig Whyte's shares.
The Blue Knights aim to exit administration through a Company Voluntary Arrangement (CVA) in order to preserve the continuity of the club.
But Doncaster does not appear to share Rangers fans' instinctive antipathy of a newco club.
Doncaster told BBC Scotland: "Clubs can theoretically shed £100m of debt, agree a CVA at a penny in the pound and come back in with all that debt shed. Clubs can do that now within the rules.
"Oddly enough you might end up with more money going to creditors through the newco route than through a CVA."
In the absence of rule changes, the SPL board have the discretion to deal with a newco request - and the amendments would not kick in until after the season anyway. Duff and Phelps have claimed Miller could be in place before then.
Doncaster added: "In Scotland we have never had a newco at any time but in England, whenever a club goes into administration, a newco is the natural consequence.
"So the likes of Crystal Palace recently and Plymouth in the last few years took their points deduction for going into administration but in terms of coming out the newco was the preferred route.
"Clubs continue over a course of many, many years. The fact that those clubs happen to exist within several different corporate structures over the period of their life frankly doesn't seem to concern people south of the border."
Doncaster's comparisons were quickly questioned given that CVAs were approved before new owners assumed control at Palace and Argyle.
But the former Norwich chief executive believes too much emphasis has been placed on the cure rather than the cause.
Doncaster said: "What is that we are trying to stop here? Is it that we are trying to get clubs to live within their means?
"If it is, the way to deal with that is to make sure clubs pay their players and the taxman on time, and if they should go into administration, hit them with a heavy penalty.
"Actually stopping clubs from emerging from administration is another thing entirely."
Miller's plans face further obstacles though, notably a 12-month transfer embargo, pending an SFA appeal.
Given PFA Scotland believe players are not legally obliged to join a newco, the American may struggle to assemble a squad.
UEFA also insist clubs are members of national associations for three years before they are allowed into European competition.
More About Focus on Rangers
- Ticketus in move to liquidate ex-Rangers owner Craig Whyte's company
- Rangers chairman Malcolm Murray to contest removal attempt
- Ex-Rangers owner Craig Whyte appeals Ticketus £17.7m court case
- Chairman Malcolm Murray 'loses vote of confidence' at Rangers
- Scottish FA take ex-Rangers owner Craig Whyte to court over fine
- QC appointed to oversee inquiry into Rangers and Craig Whyte links
- Rangers commercial director Imran Ahmad leaves the Ibrox club